Nivard Cabraal questioned over hedging deal
The Financial Crime Investigation Division (FCID) is currently recording a statement from former Central Bank Governor Ajith Nivard Cabraal in connection with the controversial hedging deal, police spokesman ASP Ruwan Gunasekara said.
The government had reportedly lost over $ 200 million due to the infamous deal.
Cabraal was the Founder Chairman of the Corporate Governance Committee which developed the Code of Best Practice on Corporate Governance in Sri Lanka. He served as the President of the Business Recovery and Insolvency Practitioners Association of Sri Lanka. He is also a former Chairman of the Institute of Chartered Accountants of Sri Lanka (ICASL), and President of South Asian Federation of Accountants and the St. Peter’s College Old Boys Union.
Cabraal has also served as a Member of the Boards of the Strategic Enterprises Management Agency (SEMA), of the Securities and Exchange Commission, National Institute of Business Management, Post Graduate Institute of Management and the University of Moratuwa.
Earlier, the FCID has also recorded a statement from the Director General of the Divi Neguma Project, with respect to the hedging deal.
(Ada Derana)
Latest Headlines in Sri Lanka
- Sri Lanka and United States discuss Economic Support and Reforms April 19, 2024
- Israeli missile strikes Iran amid escalating Middle East tensions April 19, 2024
- President says he will build a Sri Lanka that the youth aspire to April 19, 2024
- NPP presents 7-point pledge on Easter Sunday Attack to Cardinal Ranjith April 18, 2024
- Dialog Axiata to acquire Bharti Airtel’s telecom operations in Sri Lanka April 18, 2024
The FCID should also record a statement from Arjuna Mahendran. It is rumored (and there’s plenty of evidence) that the husband of his daughter made SLRs 16 billion in 24 hours because of the inside information he received from the father of his his wife.
The Yahapalanaya has instructed the FCID to investigate Anil Nivard Cabraal. Why shouldn’t Arjuna Mahendram be investigated by the FCID too?
The Arjuna is being investigated by 3 lawyers who are close to the UNP. Don’t we all know what they they will report?
Of course, they will report that the Central Bank Governer handpicked by Wimpy Wicks is squeaky clean and is the epitome of Yahapalanaya while the husband of his daughter who comes from the ‘haalmasso rajjaruwo” Kattar Aloysius family is floating in SLRs 16 billion earned overnight.
Come to think of it, the Yahapalanaya doled out by the troika is likely to be the biggest political fraud perpetrated on this country since 1948.
Number one fraudsters this man with mahinda.he knows about all about mahindas financial fraudulent.